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The Financial Secretary to the Treasury (Lord Livermore) (Lab)

Speaking in the House of Lords on 5 March 2026

Debate

Small Businesses: VAT Threshold

Contribution

My Lords, the data referred to does not show that an increasing number of small businesses in the UK are earning below the VAT threshold. It shows only the number of voluntarily VAT-registered businesses below the VAT registration threshold of £90,000 and does not include unregistered businesses. Of the 5.8 million businesses in the UK, 2.3 million are registered for VAT and 3.5 million are unregistered.

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